Sainsbury's-Asda Merger In Doubt: What The Analysts Said

The UK's Competition and Markets Authority cast the planned Sainsbury's-Asda merger in doubt this morning, with the watchdog stating that it has ‘extensive competition concerns’ about the planned deal.

Sainsbury's and Asda have since issued a statement noting that the CMA's findings ‘fundamentally misunderstand' the modern grocery industry, accusing the watchdog of 'moving the goalposts'.